Saturday, March 31, 2012
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What If God Makes Me Be a Priest? How I Learned the Truth Behind the Imposed Vocation Myth
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Friday, March 30, 2012
"Bachelor" Ben and Fiancee Hit the Red Carpet
Carrie Underwood's Edgy Style
Official: Azure Dynamics files for protection, Transit Connect Electric production halted
Filed under: Hirings/Firings/Layoffs, Ford, Earnings/Financials, Electric
Azure Dynamics, which develops electric-drive powertrains for automakers such as Ford, said this week that it will file for financial protection from its creditors under Canadian law and will cancel its plans to sell shares in what may be a precursor to a bankruptcy filing.
Azure is the company that adds the all-electric powertrain to Ford's practical little Transit Connect Electric. For now, no new TCEs will be made. Azure's Mike Elwood told AutoblogGreen that production of the Transit Connect Electric has stopped as a result of the restructuring and that, "While we go through our restructuring there will be no TCE activity until we present an approved plan." We're told that warranty issues for those who have already purchased a Transit Connect Electric will be a part of this plan.
Ford's Wes Sherwood told AutoblogGreen that Azure's filing does not affect Ford's overall EV and green-vehicle strategy. "Our priority is to ensure that Azure's Transit Connect Electric customers continue to have support throughout their ownership experience," he said. "Our Ford electric vehicle product plans remain on track, as part of our commitment to provide customers the power of choice for fuel economy solutions across our lineup - from EcoBoost-powered vehicles and hybrids to plug-in hybrids and full electrics."
Azure Dynamics joins a list of companies that were looking to capitalize on an increase in demand for battery-electric and plug-in hybrid-electric vehicles but have had problems staying afloat. Extended-range plug-in utility vehicle maker Bright Automotive folded last month amid its claims that the federal government took too long to process the $400 million in loans promised to the company, while Fisker Automotive, which makes the extended-range plug-in Karma, has faced questions about its own future and most of the federal government loans earmarked for the company have been delayed.
Continue reading Azure Dynamics files for protection, Transit Connect Electric production halted
Azure Dynamics files for protection, Transit Connect Electric production halted originally appeared on Autoblog on Fri, 30 Mar 2012 10:28:00 EST. Please see our terms for use of feeds.
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Report: Judge says Chrysler doesn't have to reinstate closed dealers
Filed under: Government/Legal, Chrysler
Chrysler made the difficult (and controversial) decision in 2009 to close 789 dealerships leading up to the automaker's abbreviated bankruptcy. The move helped Chrysler eliminate some redundancies and limit in-brand competition, but many of the dealers who lost their franchises weren't at all pleased with the move.
It didn't take long for many of those dealers to sue Chrysler for the right to stay in business, and the court cases are still being settled in 2012. The Detroit News is reporting that a federal judge has ruled that Chrysler doesn't have to immediately reinstate eight dealers suing for the right to reopen their doors.
The eight dealers are among 82 that received arbitration after the forced closings. Fifty of those dealers were offered arbitration by Chrysler and another 32 retail outlets won arbitration in court. The arbitration didn't give those dealers the rights to re-open immediately, but it does set up boundaries to discuss agreeable terms for reopening.
While Chrysler can probably count this decision as a victory of sorts, the automaker still has 11 more lawsuits from U.S. dealers. So far, only 43 of the 789 dealers have been fully reinstated, and another 14 are still negotiating.
Judge says Chrysler doesn't have to reinstate closed dealers originally appeared on Autoblog on Thu, 29 Mar 2012 17:30:00 EST. Please see our terms for use of feeds.
Permalink | Email this | CommentsThursday, March 29, 2012
Michael Lynton becomes CEO of Sony America, Nicole Seligman picked for SCA president
Stringer stated: "Lynton is an incredibly accomplished executive who has distinguished himself in at least three different fields -- entertainment, technology and publishing." In related news, Nicole Seligman has been appointed SCA President; we're told that Lynton will be overseeing Sony's entertainment businesses (including SME, Sony / ATV Music Publishing and SPE), while Seligman will have responsibility for Sony's U.S. headquarters operations. Hard to foresee what two relatively new names mean for the consumer side of Sony's business, but we'll be keeping a close eye on their first hundred days, for sure. The full release is after the break.
Michael Lynton becomes CEO of Sony America, Nicole Seligman picked for SCA president originally appeared on Engadget on Thu, 29 Mar 2012 16:24:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | CommentsDavid Reutimann & Dave Blaney, 2012 NSCS Goody?s Fast Relief 500 Pre-Race Notes and Quotes
Smith, Furniture Row Racing Eyeing Martinsville for Breakthrough Race
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Video: Tiff Needell pits latest Porsche 911 Carrera S against Nissan GT-R
Filed under: Coupe, Performance, Videos, Nissan, Porsche, UK
Few rivalries are as heated as that between the Nissan GT-R and the Porsche 911. And with both models having recently been updated, Evo magazine has taken the updated GT-R and the new 911 Carrera S to the Bedford Autodrome for a little head-on-head action. And who better to put in front of the camera and behind the wheel than Tiff Needell, the longtime Fifth Gear co-host who's now doing a series of video tests for the magazine British enthusiasts love best.
Now if you're thinking that the GT-R really ought to be compared to the 911 Turbo and not the naturally aspirated 911 Carrera S, well, you're probably right. Particularly since Nissan hiked the price on its latest performance flagship to nearly $100,000. But Porsche hasn't released the turbocharged version of its latest 911, so the Carrera S will have to do. Skip past the break to see how they compare, as well as which one is Tiff's favorite.
Continue reading Tiff Needell pits latest Porsche 911 Carrera S against Nissan GT-R
Tiff Needell pits latest Porsche 911 Carrera S against Nissan GT-R originally appeared on Autoblog on Wed, 28 Mar 2012 19:59:00 EST. Please see our terms for use of feeds.
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Wednesday, March 28, 2012
Bright Decor Can Bring Just About Any Location To Our Lives
Jon Snow Is Humbled on "Game of Thrones"
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Tuesday, March 27, 2012
Venturing Beyond Loneliness Toward Wholeness
Seek Ye First - Receive Your Kingdom Privileges
Spiritual Growth - Essentials To Maturity
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Monday, March 26, 2012
Write Your Way to MLM Success
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Sunday, March 25, 2012
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Report: How European Central Bank loans may have subsidized the Volkswagen Up!
Filed under: Car Buying, Budget, Europe, Hatchback, Volkswagen, Earnings/Financials
The New York Times reports the European Central Bank may have inadvertently helped buyers looking to take home a new Volkswagen Up! secure low-interest loans. Volkswagen Financial Services was one of many institutions that took advantage of the €1 trillion the central bank set aside to be loaned out at just one percent interest. Volkswagen borrowed €2 billion (about $2.6 billion USD) of that money, and plans to offer the cash to buyers in the form of loans with low three to four percent interest. While the goal of the low-interest loans was originally to stabilize uncertain markets, automakers and other industries are taking advantage of the effectively free cash.
Mercedes Bank has already taken advantage of the generous terms, and PSA Financing, a unit of Peugeot and Citroën, has made mention of doing the same in an attempt to stave off looming poor sales. According to The New York Times, the European auto industry may be facing down its second downturn since 2009. Registrations for new vehicles were down 8.3 percent between January and February of this year compared to the same period in 2011.
How European Central Bank loans may have subsidized the Volkswagen Up! originally appeared on Autoblog on Fri, 23 Mar 2012 18:01:00 EST. Please see our terms for use of feeds.
Permalink | Email this | CommentsSaturday, March 24, 2012
Help! I'm Drowning in a Sea of Social Media!
2012 NSCS Auto Club 400 First Practice Session Speeds
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What You Need To Know About Withholding Tax in Portugal
Friday, March 23, 2012
Point of the Compass
Do You Believe Destiny Shapes Your Life? Or Life Shapes Your Destiny?
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Thursday, March 22, 2012
The Leap Of Faith
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Night Ranger to Perform Pre-Race Concert, National Anthem at Auto Club Speedway
GroupM and Nielsen work to combine online and TV metrics
Continue reading GroupM and Nielsen work to combine online and TV metrics
GroupM and Nielsen work to combine online and TV metrics originally appeared on Engadget on Thu, 22 Mar 2012 05:32:00 EDT. Please see our terms for use of feeds.
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"The Situation" Checks Into Treatment
Wednesday, March 21, 2012
Miami Toyota dealer tacks $7,000 onto price of Prius C *UPDATE
Filed under: Car Buying, Budget, Hybrid, Hatchback, Toyota, Earnings/Financials
A Twitter user with the handle miami4me2c discovered something interesting at a Toyota dealer in Miami and thankfully shared pictures of this unusual Prius C Two window sticker. Remember, the base Prius C starts at just $18,950, and the upgraded Two trim normally starts at $19,900. With the options that dealer Al Hendrickson has added to the car, it should cost $20,839, but then someone at the dealer added a "Market Value Adjustment," which comes in at an astonishing $6,995. Total cost for the "cheap" Prius at this particular dealer? $27,834. We agree with what you just thought: that's completely absurd.
Or is it? We called Al Hendrickson Toyota with some questions for the general manager - why so much? and are people still interested at this price? - but were asked to leave a message and have not yet heard back. But think about it. This is one of the most popular high-efficiency vehicles in the U.S. right now, selling 1,200 units in the first three days it was on sale, and Toyota is increasing production to meet demand (both here and in Japan).
We admit that the market values this car, but does it do so enough to tack on an extra 33 percent? We doubt it - especially when you can get a regular Prius Liftback or Prius V for around that much - but maybe someone down in Florida thinks so. Either way, Toyota representatives wouldn't comment and we know that dealers are independent and don't have to follow the MSRP. Still, $7,000 extra? C'mon, man.
*UPDATE: Toyota gave Autoblog the following statement on the matter: "While Toyota Motor Sales does not advocate mark ups beyond the MSRP, the dealers are independent business operations and though we advise against raising prices beyond suggested retail, ultimately the final price is determined in the negotiations between a dealer and the customer."
Miami Toyota dealer tacks $7,000 onto price of Prius C *UPDATE originally appeared on Autoblog on Wed, 21 Mar 2012 09:57:00 EST. Please see our terms for use of feeds.
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Tuesday, March 20, 2012
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Monday, March 19, 2012
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Sunday, March 18, 2012
Apple to announce plans for its $100 billion cash reserves tomorrow morning
Continue reading Apple to announce plans for its $100 billion cash reserves tomorrow morning
Apple to announce plans for its $100 billion cash reserves tomorrow morning originally appeared on Engadget on Sun, 18 Mar 2012 18:41:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | CommentsTiVo co-founder, CTO Jim Barton resigns
[Thanks, David]
TiVo co-founder, CTO Jim Barton resigns originally appeared on Engadget on Sat, 17 Mar 2012 13:51:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | CommentsJulia Roberts Reveals Her Girl Crush
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